The transport of goods through shipping containers has notably increased in recent years. Back in 2005, two European and one North American ship hubs were in the list of top 10 shipping ports in the world; however, in 2019, Rotterdam stayed at its number one position in the list. As shown in the infographic below, Asian ports have grown faster than the others.
Along with multiple Chinese shipping hubs, Busan and Singapore also made their way into the top 10 rankings. Whereas, in Taiwan, Malaysia, and Thailand, new shipping ports were built. Shedding light on the production of goods, Asian ports' larger size doesn't mean that the port's technology itself is growing or innovating but indicates that the trade flow of Asian ports has developed greatly.
Just like every other industry, the trading industry has also been affected by the COVID-19 pandemic. Maritime shipping has had a rough time earlier this year but is expected to gain a boost during the Christmas season. The shipping costs had risen up to the sky when the USA and Europe made the restocking demand for goods. The shipping costs increased because there were no available ships as they are already booked solid, and the containers have become scarce.
Infographic by: Statista.com